Tier 1 Entrepreneur

I had finished my Master's degree from a UK University around 9 Years ago but it was a part time degree. Will I be able to qualify for the 10 points for English Language if I use this as an evidence. Also please guide me if there is any formal interview for Tier 1 Visa.

abdhriz wrote:I had finished my Master's degree from a UK University around 9 Years ago but it was a part time degree. Will I be able to qualify for the 10 points for English Language if I use this as an evidence. Also please guide me if there is any formal interview for Tier 1 Visa.

You can check yourself for english language requirement on following link http://www.ukba.homeoffice.gov.uk/pointscalculator

And so far there is not any interview for this particular visa category.

Many thanks, Got a very clear answer. Regards

Please also guide me as if my bank has to confirm that the amount is convertible into Pounds Stirling as this amount is available in local currency. Bank is willing to write an official letter that this amount is available to me and transferable to the UK.

abdhriz wrote:Please also guide me as if my bank has to confirm that the amount is convertible into Pounds Stirling as this amount is available in local currency. Bank is willing to write an official letter that this amount is available to me and transferable to the UK.

Please read the policy guidance carefully.

99.A letter from a financial institution holding the funds, to confirm the amount of money available
to you (or your team if you have formed an entrepreneurial team).
The total amount of available money must be either at least £200,000; or at least £50,000
as applicable. If the money is held in several financial institutions, you must supply a recent
letter from each institution. If the money is not held in pounds sterling, we will use the rate of
conversion on the Oanda website at http://www.oanda.com to convert the money into pounds
sterling, using the exchange rate that applies on the date of the application.
Each letter must:
• be an original document and not a copy;
• be on the institution’s official headed paper;
• have been issued by an authorised official of that institution; and
• have been produced within the three months immediately before the date of your
application.
Each letter must also confirm each of the following details:
• that the institution is regulated by the appropriate body;
• your name, and your team member’s name if you have formed a entrepreneurial team;
• the date of the document;
• the amount of money available from your own funds (if applicable) that are held in that
institution;
• the amount of money to you from any third party (if applicable) that is held in that
institution;
• the name of each third party and their contact details. These must include their full
address including postal code, landline phone number and any email address;
• that if the money is not in an institution regulated by the FSA, the money can be transferred into the UK.

UKBA will convert and check if the money held meets their requirement using exchange rates on the date of the application. The letter just needs to state that money can be transferred into the UK.

While reading Policy Guidance I realised that it also says that money held must be transferable to the UK and convertible to pound sterling.

I need some advise regarding Para 38 which states"You must have £200,000 of your own money..." I am getting some bank loan from my bank and this will be dposit in my own bank account. Bank will confirm all the details as per para 99 of Entrepreneur Policy Guidence via Bank Letter. Will this be considered my own money.

Can someone help me